REPORT FOR THE 2ND QUARTER 2005
HIGHLIGHTS FOR THE 2ND QUARTER- FOE had revenues of 614.5 mill. during the quarter- EBITDA for the quarter was 150.7 mill.- Operating profit after depreciation (EBIT) was 2.5 mill.- New accommodation support contract for Borgholm Dolphin- Extension of drilling contract for Bredford Dolphin- Class renewal surveys of Borgsten Dolphin and BelfordDolphin- Acquisition of Ocean Liberator, renamed Blackford Dolphinfor USD 14 mill.- Strong market rates